Most of the top stocks from IBD's 33 sectors rose Monday as the major averages reversed higher. But volume among the leaders was well below average.
FleetCor Technologies (FLT), HomeAway (AWAY) and Proto Labs (PRLB) ended recent losing skids, while LinkedIn (LNKD) edged down. All closed near their intraday highs and remained above their key support lines.
FleetCor, which provides fuel cards to commercial vehicle fleets, rose 1.19 to 76.44. It's nearly 5% above a 73 buy point in a three-weeks-tight pattern, pushing the upper limits of its buy range.
The stock has held up well since triggering a sell signal Feb. 8, when it broke above an upper channel line connecting the highs following its August breakout. The move usually signals that the stock has peaked, but FleetCor is still just 2% off its high.
HomeAway posted a similar gain, rising 0.50, or about 2%, to 30.54, ending an eight-session skid. It's still extended beyond a 24.57 buy point, but it's getting support at the 10-week average.
HomeAway's profit doubled in the fourth quarter, building on gains of 10% and 27% in Q2 and Q3, respectively. Revenue growth has been steady, in a range of 20% to 23% over the past four quarters.
Meanwhile, Proto Labs climbed 0.57 to 46.82, ending a three-session losing streak that saw it briefly pierce its 10-week line. The producer of prototype parts for a wide range of industries is working on a new base. It is not yet clear what type of pattern will emerge.
On the downside, LinkedIn dipped 0.65 to 172.12.
The stock is in its first test of the 10-week line since its January breakout. It is not showing any sell signals.
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